Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4848 ward basin road Milton, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    2,147 SF building with laydown yard for lease.

    Type:RETAIL
    Property size:
    2,147 SF
    Lot size:
    0.75 Acres
    Added:
    May 3, 2025
    Days on Market:
    361
    Last Refresh:
    Apr 5 at 8:46 pm

    Property Features for 4848 ward basin road

    General Information

    Standard status
    Active
    Size
    2,147 SF
    Lot size
    0.75 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 4848 ward basin road Contact us

    We can help!

    Listing Contact
    Melissa Glyptis Simpson

    Listing agent Melissa Glyptis Simpson

    Listing office Coldwell Banker Commercial Realty

    Listing date May 3, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Realty

    Overview

    Freestanding Commercial Building with Yard

    This freestanding commercial building offers 2,147 square feet of space and includes a large laydown yard. Situated on a corner lot, the property is zoned Highway Commercial District (HCD) and occupies 0.75 acres in Santa Rosa County. The building features a new roof and a new exterior facade. It is centrally located between US Hwy 90, which is 1 mile away, and the I-10 Ramp, which is 2 miles away. The surrounding area within a five-mile radius has a total population of 43,291 and an average household income of $94,660.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATM Machine at B ... Atm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Auto Repair Shop Hotel & Motel Gym & Fitness Center Kitchen & Bath Showroom HVAC Service Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milton
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.0195
    Latitude
    30.6093

    Nearby Similar for Lease

    • $1,347/Mo

      Retail Space in Pensacola Center

      Retail space ideal for service, retail, or office users.
      5941 Berryhill Road, Milton, FL 32570
      View Details
    • Contact for pricing

      FL, Milton - Opportunity Dr

      8100 Opportunity Dr, Unit STE A 32583, Milton, FL 32583
      View Details
    • $2,400/Mo

      Historical Office/Retail in Downtown Milton

      Freestanding, well-maintained office/retail space in historic downtown Milton.
      6849 Oak St, Milton, FL
      View Details
    • $12 SF/Yr

      Historic Downtown Milton Retail Space

      Freestanding retail space in historic downtown Milton for rent.
      5118 Canal Street, Milton, FL
      View Details
    • $1.00 SF/Yr

      Pace Medical Park Suites

      Medical suites available for lease in Pace Medical Park.
      3754 Hwy 90, Milton, FL
      View Details
    • $9 SF/Yr

      Retail Space in High-Traffic Location

      Endcap retail unit with excellent visibility in Milton, Florida.
      Caroline St, Milton, FL
      View Details
    • $1,347/Mo

      Retail Space in Berryhill Plaza

      Retail spaces for lease with high visibility and ample parking.
      5941 Berryhill Road, Milton, FL 32570
      View Details
    • $12 SF/Yr

      Milton Warehouse Space with Drive-in Bays

      2,500 SF warehouse space with two drive-in bays for lease.
      3996 Avalon Blvd, Milton, FL 32583
      View Details
    • $12 SF/Yr

      Retail Space in Dogwood Center

      10,395 SF end cap unit available for lease.
      5141 Dogwood Dr, Milton, FL
      View Details
    • $595/Mo

      115 - 123 SF Individual Offices Available for Lease (8 Units Available)

      Individual office suites in Milton, FL, near major highways.
      6460 Justice Ave, Milton, FL 32570
      View Details
    • $600/Mo

      104 SF Executive Office Suites For Lease (Floor D, Suite 5565-D)

      104 sq ft office suite in prime Milton location.
      5565 Woodbine Rd, Milton, FL 32571
      View Details
    • $500/Mo

      144 SF Executive Office Suites For Lease (Floor C, Suite 5565-C)

      Executive office suite in a high-traffic, growing Milton, Florida location.
      5565 Woodbine Rd, , FL, Milton, FL 32571
      View Details

    FAQs

    What type of property is this?
    Storefront property - 2,147 SF building with laydown yard for lease.
    Where is this storefront property located?
    The property is located at 4848 ward basin road Milton, FL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Freestanding commercial building on a corner; New roof and new exterior facade; Large laydown yard
    (850) 733-6532 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Melissa Glyptis Simpson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!